ZIP 21740 - 860Z200US21740 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 21740, located in the Hagerstown area of Maryland, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 21740 unique and how its characteristics can align with your goals.

Population & Households

ZIP 21740 is home to a substantial population of 63,140 residents, making it a vibrant and sizable community. This population is distributed across 24,928 households, reflecting a mix of family sizes and living arrangements. With 27,002 total housing units in the area, there’s a notable inventory of homes, though not all are occupied. This balance of population and housing suggests a community with room for growth, appealing to those looking for a place with both established roots and potential for new development.

Income & Housing Costs

The median household income in ZIP 21740 stands at $59,410, indicating a moderate earning level that supports a range of lifestyles. For homebuyers and investors, the median house value of $241,600 offers a relatively accessible entry point compared to pricier markets, while still holding value for long-term appreciation. Renters, on the other hand, face a median rent of $1,031 per month, which aligns with the income levels and suggests a balanced rental market. These figures point to a community where affordability and investment potential coexist, catering to diverse financial situations.

Race & Ethnicity

The demographic makeup of ZIP 21740 reflects a diverse yet predominantly white population, with 64.33% identifying as white. Black residents make up 17.83% of the population, while Hispanic or Latino individuals account for 9.87%. Asian residents represent a smaller share at 1.8%. This diversity can enrich community life, offering cultural variety that may appeal to families, businesses, and investors looking for an inclusive environment. Understanding this composition can help tailor business offerings or community engagement strategies to resonate with local residents.

Key Facts

• Total population: 63,140 residents, indicating a robust community size.
• Total households: 24,928, showcasing a mix of family and individual living arrangements.
• Total housing units: 27,002, with some vacancy providing opportunities for growth.
• Median household income: $59,410, supporting a moderate cost of living.
• Median house value: $241,600, offering a balanced real estate market.
• Median rent: $1,031, reflecting reasonable rental costs for the area.
• Racial composition: 64.33% white, 17.83% black, 9.87% Hispanic, 1.8% Asian, highlighting diversity.

What This Means for You

For homebuyers, ZIP 21740 presents an opportunity to purchase at a median value of $241,600, which is competitive for the region and suitable for first-time buyers or those seeking value. The population size and diversity suggest a lively community with varied amenities and social opportunities. Real estate investors and agents can leverage the housing unit surplus (27,002 units versus 24,928 households) to target vacant properties for renovation or rental, especially with a median rent of $1,031 that aligns with local incomes. Small-business owners will find a sizable customer base of over 63,000 residents, with a diverse demographic profile to tailor products or services—think cultural foods, inclusive marketing, or family-oriented offerings. Analysts can use these metrics to benchmark ZIP 21740 against neighboring areas, identifying trends in affordability or growth potential. Across all groups, the data points to a stable, diverse, and opportunity-rich area worth exploring.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 21740? Start by visiting ZipcodeGPT to access powerful demographic tools.
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• Use the analysis to inform your next move, investment, or business strategy with confidence and precision.